C-Cube Message Board - Msg: 5861163

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube

CUBE 36.91

+1.7%

Nov 25 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stoctrash who wrote (36283)	9/28/1998 4:30:00 PM
From: John Rieman	Read Replies (2) of 50808

Rupert makes a move into Italy................................. dbsdish.com -------------------------------------------------------------------------------- Telecom Italia agrees to Murdoch as potential partner in pay TV. -------------------------------------------------------------------------------- Associated Press MILAN, Italy (AP) -- Telecom Italia has agreed to pursue Rupert Murdoch as a partner in the development of digital TV in Italy, despite strong political opposition. Telecommunications officials have spoken of a "colonization" of Italian television if the Australian media magnate is allowed into the country's pay-TV market. On Friday, its board authorized Telecom Italia to work with RAI state television in an accord on digital TV, and singled out British Sky Broadcasting Group as a good potential partner for them. The British company is 40 percent owned by Murdoch's News Corp. If negotiations don't conclude by Oct. 5, Telecom is free to pursue other solutions on its own, the company said. RAI board member Alberto Conti said Thursday that the state TV company was likely to agree to an alliance with News Corp. -- on condition that Italians keep an absolute majority, and that Murdoch confine himself only to pay TV in Italy. Some analysts say Murdoch's presence would be a plus for Telecom Italia and the market as a whole. His aggressiveness and the heightened competition could boost the size and development of the Italian digital television market, they contend.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next